Cash Management Specialist

Job Description

Cash Management Specialist | First Chicago Insurance Company

The Tone:
This is a full-time role at First Chicago Insurance Company, located in Chicago, IL. The company is a crucial part of the insurance industry, and this role is vital for maintaining the accuracy and efficiency of financial operations. As a Cash Management Specialist, you will ensure the seamless flow of funds and meticulous record-keeping, directly contributing to the company’s financial health. This position operates within a supportive and high-performing environment, offering a clear path for skill development and professional growth in financial acumen.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Chicago, IL
• Pay: $16–$27.5 hourly
• Mission: Ensuring the smooth flow of financial operations within the company by performing various accounting duties related to cash management.
• Tech Stack: Sage accounting software, Microsoft Excel, Microsoft Word

What You’ll Actually Do
• Analyze and Reconcile Accounts: Daily analyze cash transactions, meticulously update financial records, and reconcile all payment batches and accounts to ensure accuracy.
• Process Payments and Refunds: Manage incoming payments received through mail, walk-ins, and online channels, process daily agent sweeps, policy Electronic Funds Transfer (EFT) payments, and premium returns via ACH.
• Resolve Financial Discrepancies: Identify and resolve Non-Sufficient Funds (NSF) issues daily, review and process weekly collection files, and manage credit card disputes.
• Maintain Financial Records: Record journal entries in Sage for daily cash receipts, process premium and claims checks and voids, and handle deposits using a check scanner.
• Collaborate and Support: Work closely with the underwriting department to resolve billing matters, assist experienced team members with customer inquiries, and perform check verification upon request.

The Must-Haves
• Background: Early career professional with high school education and some prior accounting experience, focused on financial operations.
• Experience: Proven experience with accounting systems, specifically Sage.
• Skills: Strong attention to detail, proficiency in data entry, proven ability to multitask effectively, excellent communication skills, and proficiency with Microsoft Excel and Word.
• Bonus: An Associate’s degree in business or accounting.